Both brands are owned by Redcats USA, a division of the French firm PPR.

PPR has been trying to sell Redcats to focus more on luxury brands, including Gucci and Yves St. Laurent, and some analysts had expected Redcats’ brands to be sold off piece-by-piece.

Northern Tool, which is based in Burnsville, Minn., and has a store in west Wichita, says it doesn’t anticipate any job cuts as a result of the transaction. It says it eventually plans to add jobs as it brings together the businesses.

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